BENJAMIN Franklin said, "If you'd be wealthy, think of saving, more than of getting: The Indies have not made Spain rich, because her outgoes equal her incomes." In 1580, Spain was the wealthiest country in the world; its treasury filled with gold and jewels from the conquest of the New World, and its Empire spanned four continents.
Several federal officials, including Barney Frank, the chairman of the House Committee on Financial Services, and Treasury Secretary Geithner, have called for an overhaul of the financial regulatory system.
I did not even know that the British Empire is dying, still less did I know that it is a great deal better than the younger empires that are going to supplant it.??George Orwell, Shooting an ElephantHistory tells us that the decline of one empire inevitably results in the rise of others.
Treasury Secretary Timothy Geithner revealed the Obama administration?s long-awaited economic rescue plan Feb.
Many amateur investors ? including college students ? have been watching the stock market plummet during the last five months with increasing dismay.
In business school, students learn that clear, direct communication is essential to the operation of any business entity.
The Congressional Budget Office predicts the federal deficit will reach $1.2 trillion in 2009.
Many Americans were initially reluctant to support the $700 billion Troubled Assets Relief Program that Congress passed last October.
With the election of a new president, many Americans hope the economy will begin to improve.
Wall Street abounds with fears of the deepest economic recession since the 1930s.
